News from the Knoff Group

Affordable housing advocates look to Montana Legislature for help

How do we address the affordability issue? Through rules and regulations? Through better options for income growth? It will likely take a few different things to help – here are a few attempts going through the state legislature… Affordable housing advocates look to Montana Legislature for help By Eric Dietrich Montana Free Press Jan 25, …

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Bozeman ranks #1 AGAIN for economic strength – Policom

This is the second year in a row that Bozeman has topped this list – as soon as Bozeman hits 50K population, they will be considered a metropolitan area. Along with that comes other changes in how the city is classified with the federal government as well. Bozeman ranks #1 for strongest micropolitan economy KBZK …

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Annexation updates as Bozeman grows

A recent article on the annexation of land to the NW of the new Bozeman high school for a brand new development and the possibility of Riverside Golf Course area – a 50 year old development – being annexed into the city. The new development may provide much needed build lots within city limits. Bozeman …

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Real Estate Market Update and Metrics 2016-2018

Market Update: Q4 and Year Over Year Statistics and Commentary

Please enjoy our quarterly Southwest Montana real estate market analysis and breakdown of statistics for both Quarter 4 2018 and full year 2018 as compared with the previous two years. One more really neat statistic – Knoff Group Real Estate’s broker, Marcie Hahn-Knoff, ranked in the top 25 real estate agents in the ENTIRE Big …

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Plat Map for West Winds Subdivision

City approves 72-lot West Winds subdivision

Article from today’s Bozeman Daily Chronicle. We are excited to see how this pans out and if other developers will be more eager to go through the motions now that an example has been set. You can find the City’s Memorandums, which include plat maps, here>>   Bozeman approves 72-lot West Winds subdivisionBy Katheryn Houghton Chronicle Staff Writer …

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Opportunity Zone Bozeman

Opportunity Zones Give Tax Breaks in Bozeman Area

Article from this Sunday’s Bozeman Daily Chronicle. This has been approved for a short while – and some developments are touting the benefits. Will be interesting to see how this may shape development on the south side of Bozeman and beyond over the coming years. More information here>> Opportunity knocking? New government tax breaks could …

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FHFA Map of USA by County

FHFA Announces Increase for Conforming Loan Limits

As home prices have increased, the conforming loan limits had kicked many buyers in our market to a Jumbo product. This will help many buyers that were flirting with a Jumbo loan move into a conventional product. News Release FHFA Announces Maximum Conforming Loan Limits for 2019 Fannie Mae and Freddie Mac Baseline Limit Will …

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Market update: Q3 2018 statistics and commentary

Overall trends – Quarter 3 2018 as compared to previous year. Single Family Higher median sales price – increases between 9-20+% Fewer properties selling for more money Days on market are up as prices climb City of Bozeman $442K!, Outside city limits $575K, Belgrade $322K, Manhattan $392K, Big Sky $1.5M Livingston $275K. Sales volume is …

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Q2 2018 Y/Y Real Estate Market Update

Knoff Group Quarter 2 2018 Year over year market update and report     Single Family Homes City of Bozeman is seeing the same reduction of inventory that is being seen in other markets – lack of quality inventory is pushing pricing higher and creating high buyer demand for well-priced properties. Median sales price has …

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